Airline Operators of Nigeria have welcomed the Federal Government’s suspension of the four percent Free on Board levy on imports, describing it as a crucial step in preventing further strain on the aviation industry. The group said the measure would help curb inflationary pressures, safeguard jobs, and keep Nigeria competitive globally.
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Industry leaders warned that enforcing the levy would have driven up airlines’ operating costs, worsening challenges in a sector already struggling with high expenses. They praised President Bola Tinubu and Finance Minister Wale Edun for responding swiftly to industry concerns.
The suspension, announced by Mr Edun in a letter to Customs, overrides an earlier plan to reintroduce the levy. Operators said the decision reflects the government’s commitment to creating a business-friendly climate while working with stakeholders to promote sustainable growth in the aviation industry.
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